NEW YORK (TheStreet) -- Ingram Micro (IM) stock is advancing 21.74% to $36.10 in late morning trading on Thursday after the technology company agreed to be acquired by China-based Tianjin Tianhai Investment Co. in a transaction valued at approximately $6 billion.

"This is a godsend for this industry," TheStreet's Jim Cramer said on CNBC's Squawk on the Street this morning, adding that the computer hardware and software industry has not been performing very well recently.

"This was an important deal in the wake of ADT," Cramer commented, referring to home and business security provider ADT Corp. (ADT), which agreed to be bought by Apollo Global Management (APO) on Tuesday.

Cramer explained that with the overall decline in stock prices, some firms see the opportunity to "strike."

"I just think that it's a very positive trend, because there are so many tech companies that are just out there and not doing well," Cramer added.

Cramer also warned viewers that the U.S. government may not like a Chinese firm buying an American tech company like Ingram Micro.

The transaction, which is subject to regulatory and shareholder approval, is expected to close in the second half of 2016.

Separately, Ingram Micro has a "buy" rating and a letter grade of B+ at TheStreet Ratings because of the company's good cash flow from operations, solid stock price performance and largely solid financial position with reasonable debt levels by most measures.

You can view the full analysis from the report here: IM

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. 

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